Beci Construct: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Beci Construct
Largest movements
- Stocks and contracts -€333,172
down €333,172 (-99.3%), from €335,496 to €2,323
- Receivables within one year +€94,476
up €94,476 (+430%), from €21,996 to €116,473
of which Trade receivables: +€85,709
- Cash -€62,141
down €62,141 (-75.3%), from €82,513 to €20,372
mainly Advances received (-€407,247) and Receivables within one year (-€94,476)
- Tangible fixed assets -€7,612
down €7,612 (-30.5%), from €24,949 to €17,337
of which Leasing and similar rights: -€5,840
- Advances received -€407,247
no longer reported in 2025 (was €407,247)
- Trade debts +€101,834
up €101,834 (+336%), from €30,348 to €132,182
- Other debts +€32,586
new in 2025: €32,586
- Profit (loss) carried forward -€25,313
down €25,313 (-112%), from -€22,535 to -€47,848
- Debts after one year -€7,971
down €7,971 (-84.6%), from €9,420 to €1,449
- Gross operating margin +€8,670
up €8,670 (+33.8%), from -€25,631 to -€16,961
- Financial charges -€2,596
down €2,596 (-91.8%), from €2,828 to €232
- Depreciation +€705
up €705 (+10.2%), from €6,907 to €7,612
- Financial income +€565
up €565 (+245%), from €231 to €796
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €471,515 | €163,036 | -€308,478 | -65.4% |
| Fixed assets | 21/28 | €30,849 | €22,637 | -€8,212 | -26.6% |
| Tangible fixed assets | 22/27 | €24,949 | €17,337 | -€7,612 | -30.5% |
| Plant, machinery and equipment | 23 | €2,366 | €1,395 | -€971 | -41.1% |
| Furniture and vehicles | 24 | €800 | €0 | -€800 | -100% |
| Leasing and similar rights | 25 | €21,782 | €15,942 | -€5,840 | -26.8% |
| Financial fixed assets | 28 | €5,900 | €5,300 | -€600 | -10.2% |
| Current assets | 29/58 | €440,666 | €140,399 | -€300,267 | -68.1% |
| Stocks and contracts in progress | 3 | €335,496 | €2,323 | -€333,172 | -99.3% |
| Contracts in progress | 37 | €335,496 | €2,323 | -€333,172 | -99.3% |
| Amounts receivable within one year | 40/41 | €21,996 | €116,473 | +€94,476 | +430% |
| Trade receivables | 40 | €11,589 | €97,298 | +€85,709 | +740% |
| Other amounts receivable | 41 | €10,407 | €19,174 | +€8,767 | +84.2% |
| Cash at bank and in hand | 54/58 | €82,513 | €20,372 | -€62,141 | -75.3% |
| Deferred charges and accrued income | 490/1 | €661 | €1,231 | +€570 | +86.2% |
| Total equity and liabilities | 10/49 | €471,515 | €163,036 | -€308,478 | -65.4% |
| Equity | 10/15 | €2,465 | -€22,848 | -€25,313 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,535 | -€47,848 | -€25,313 | -112% |
| Amounts payable | 17/49 | €469,050 | €185,885 | -€283,165 | -60.4% |
| Amounts payable after more than one year | 17 | €9,420 | €1,449 | -€7,971 | -84.6% |
| Financial debts | 170/4 | €9,420 | €1,449 | -€7,971 | -84.6% |
| Amounts payable within one year | 42/48 | €456,377 | €184,436 | -€271,941 | -59.6% |
| Current portion of amounts payable after more than one year | 42 | €8,562 | €7,971 | -€591 | -6.9% |
| Trade debts | 44 | €30,348 | €132,182 | +€101,834 | +336% |
| Suppliers | 440/4 | €30,348 | €132,182 | +€101,834 | +336% |
| Advances received on contracts in progress | 46 | €407,247 | - | -€407,247 | |
| Taxes, remuneration and social security | 45 | €10,220 | €11,697 | +€1,477 | +14.4% |
| Taxes | 450/3 | €10,220 | €11,697 | +€1,477 | +14.4% |
| Other amounts payable | 47/48 | - | €32,586 | +€32,586 | |
| Accrued charges and deferred income | 492/3 | €3,254 | - | -€3,254 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,907 | €7,612 | +€705 | +10.2% |
| Other operating charges | 640/8 | €1,504 | €1,304 | -€200 | -13.3% |
| Gross operating margin | 9900 | -€25,631 | -€16,961 | +€8,670 | +33.8% |
| Operating profit (loss) | 9901 | -€34,042 | -€25,877 | +€8,165 | +24.0% |
| Financial income | 75/76B | €231 | €796 | +€565 | +245% |
| Recurring financial income | 75 | €231 | €796 | +€565 | +245% |
| Financial charges | 65/66B | €2,828 | €232 | -€2,596 | -91.8% |
| Recurring financial charges | 65 | €2,828 | €232 | -€2,596 | -91.8% |
| Profit (loss) for the period before taxes | 9903 | -€36,639 | -€25,313 | +€11,326 | +30.9% |
| Income taxes | 67/77 | €4 | - | -€4 | |
| Profit (loss) for the period | 9904 | -€36,643 | -€25,313 | +€11,330 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,643 | -€25,313 | +€11,330 | +30.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.